R. Solodchenko was appointed as the Chairman of the Baord of Bank TuranAlem JSC (Kazakhstan)

/KASE, February 22, 07/ - Bank TuranAlem JSC (Almaty), shares and bonds of which are traded in the official list of Kazakhstan stock exchange (KASE) under "A" category, has spread today the press release, saying: Quotation start By decision of the prescheduled general meeting of shareholders of Bank TuranAlem JSC dated February 22 2007 Roman Solodchenko was appointed as the Chairman of the Board of the Bank, before he was carrying the position of the Deputy of the Board. At the same time Saduakas Mameshtegi, having headed the Board of the Bank since January 21 2005, was appointed as the Deputy of Council of directors of Bank TuranAlem JSC. Mr. Mameshtegi has extended his authority to perform in the Council of Directors of the Bank the questions of the further development of BTA group, investment-banking business, as well as of working out of new strategic projects for the group. "Ander the leading hand of Saduakas Mameshtegi Bank TuranAlem gained remarkable achievements, having strengthened its position not only in Kazakhstan, but also out of its borders, and moved us closer to serving the aim - turning to the biggest private bank of CIS. Besides, the experience of Roman Solodchenko on cooperation with foreign financial institutions is much appreciable by the Bank, mainly, when IPO has been planned. I am persuaded that his knowledge will bring a great use for Banks; development," the Chairman of the Council of directors of Bank TuranAlem JSC Mukhtar Ablyazov commented on the latest appointment. Moreover, by decision off the Council of directors of the Bank, Indira Izteleuva was commissioned to the office of the managing director, who earlier took a position of the executive director of BTA, answerable for work with employees. This assignment will allow to enhance the efficiency of work with the staff, while keeping focus on development of the human capital in the Bank, which is one of the priority directions of operation of BTA group. Reference R.Solodchenko was born in 1965 in Almaty. In 1987 he graduated Kazakh polytechnic institute and acquired the profession of Metallurgist of base metals In 1995 graduated from KIMEP with specialization Banking and finance He has started his working activity since August 1987 in the position of the junior scientific employer of the Institute of metallurgy and concentration SA KAZSSR. Since February 1991 to January 1992 he has worked as the specialist in Kazakhstan external economic Consortium at the Ministry of external economics links of KazSSR, and since 1992 to 1996 served the office of a representative in Canadian expert service CESO. Since February 1996 to June 1998 has carried the position of the representative of the International financial corporation (IFC). Since June 1998 has run the position of the Chairman of the Committee, and since February to December 1999 - of the Agency of the Republic of Kazakstan for economic planning. Since January 2000 to April 2004 he has been the representative of the World Bank in Kazakhstan. Since April 2004 to June 2005 he has headed the office of ING Bank in Almaty. Since June 2005 to October 2005 he has taken the office of the Representative of the Council of Directors of Bank TuranAlem JSC. Since October 2005 to September 2006 has occupied the position of the financial director, since September 6 2006 - the Deputy of the Board of Bank TuranAlem JSC. S. Mameshtegi was born on November 19 1969 in Karatau in Dzhambul region. In 1993 he graduated from Moscow state technical university after Baumana with the specialization in the field of Metallurgic machines and equipments, and got qualification of the engineer-mechanic, constructor. Since 1994 he has worked in the banking system as an economist of the department of passive operations of CB EliteBank, CB PrintBank in Moscow. Then he went into the office of the head of securities management department in CB Astana-Holding-Bank in Moscow. Since 1997 he transferred into Bank TuranAlem OJSC, where he ran the office of the head of the department, then the head of Securities board. Since 1999 he has worked as the deputy of the Board of Bank TuranAlem OJSC. On December 19 2004 he has acted as the Chairman of the Baord of Bank TuranAlem JSC. On January 21 2005 he was elected the Chairman of the Board of Bank TuranAlem JSC. *** Bank TuranAlem JSC (BTA) makes the core of the financial group, occupying all segments of the financial market. The network of the strategic partners of BTA is coming across Ukraine, 4 regions of Russia, Belarus, Georgia and Armenia. The representative offices of BTA operate in Russia, Byelorussia, China, Kirgiziya, Tajikistan and UAE. Unconsolidated assets of BTA by the beginning of 2007 exceeded $14.4 bn., the aggregate equity capital - $2 bn. By 2007 consolidation of assets of the bank in CIS will have been started with increase to $50 bn. up to 2015. Contact information for media: Valentina Vladimirskaya tel: +7 (327) 250 54 64 press@bta.kz Quotation end [2007-02-22]